Andrea's Feed
Oct 2, 2015

Canada’s Bombardier turns to Caisse for cash -sources

MONTREAL/WASHINGTON, Oct 2 (Reuters) – Canada’s Bombardier
Inc is in discussions with the Caisse de depot et
placement du Quebec, which manages Quebec’s public pension
plans, on a deal that could inject more cash into the troubled
plane and train maker, according to two sources familiar with
the matter.

It was not immediately clear how a potential deal would be
structured. One source familiar with the company’s thinking said
the Caisse, already one of Bombardier’s biggest shareholders,
was contemplating taking a larger stake in the Montreal-based
company.

Oct 2, 2015

ULA needs relief on Russian engines before GPS launch bid -CEO

/WASHINGTON, Oct 2 (Reuters) – United
Launch Alliance, a joint venture of Lockheed Martin and
Boeing, on Friday said it cannot bid in a U.S. Air Force
competition to launch a GPS satellite unless it gets some relief
from a ban on use of Russian rocket engines.

ULA Chief Executive Officer Tory Bruno told reporters in
Cape Canaveral, Florida, that the company was seeking a partial
waiver on trade sanctions enacted last year that ban U.S.
military use of the Russian RD-180 engine that powers ULA’s
primary workhorse Atlas 5 rocket.

Oct 1, 2015

Exclusive: Bombardier seeking investors for all business units – sources

WASHINGTON/NEW YORK/TORONTO (Reuters) – Canada’s Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) is exploring the sale of a stake in any of its business areas, not just its rail unit, to ensure it can finish development of its delayed CSeries jet, according to four sources familiar with the situation.

The Montreal-based company has hired investment bankers to look at a variety of financing options, the sources said, including selling aerospace or rail assets in full or in part, forming joint ventures or bringing in private equity investors.One source familiar with the company’s thinking said Bombardier hoped to secure some additional source of cash, through the sale of a business unit or another arrangement, perhaps with a Canadian government, before its third-quarter earnings report on Oct. 29.

Sep 30, 2015

Bombardier seeking investors for all business units -sources

WASHINGTON/NEW YORK/TORONTO, Sept 30 (Reuters) – Canada’s
Bombardier Inc is exploring the sale of a stake in any
of its business areas, not just its rail unit, to ensure it can
finish development of its delayed CSeries jet, according to four
sources familiar with the situation.

The Montreal-based company has hired investment bankers to
look at a variety of financing options, the sources said,
including selling aerospace or rail assets in full or in part,
forming joint ventures or bringing in private equity investors.

Sep 30, 2015

Pentagon warns against further consolidation among big arms makers

WASHINGTON, Sept 30 (Reuters) – Pentagon officials warned on
Wednesday against further consolidation in the U.S. weapons
industry because fewer defense contractors could lead to higher
costs, decreased innovation and less competition.

U.S. Defense Secretary Ash Carter said he does not welcome
further consolidation among large U.S. weapons makers. Carter
was the Pentagon’s chief arms buyer in 2011, when the department
established a policy that discouraging mergers among large prime
contractors, but opened the door to deals among smaller firms.

Sep 30, 2015

U.S. export bank’s loss jeopardizes Boeing orders, airline says

WASHINGTON (Reuters) – South African airline Comair Ltd (COMJ.J: Quote, Profile, Research, Stock Buzz) has told Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) that the loss of U.S. Export-Import Bank financing could jeopardize a $1.1 billion order it had placed for Boeing jetliners, leading the carrier to turn to Europe’s Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz).

Comair made the warning in a letter disclosed on Wednesday by Boeing, which has already lost two satellite deals due to the June shutdown of the U.S. trade bank. The planemaker and other top U.S. manufacturers are fighting to get the bank reauthorized.

Sep 30, 2015

Lockheed-Boeing launch venture wins $882 million U.S. contract

WASHINGTON (Reuters) – United Launch Alliance, a joint venture of Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz) and Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz), has won an $882 million contract to continue launching satellites for the U.S. Air Force with its Delta IV and Atlas V rockets, the Pentagon said Tuesday.

The U.S. Defense Department said the contract covers launch capability, mission integration, base and range support, maintenance, depreciation on equipment, mission assurance, program management, systems engineering, and launch site and range operations during fiscal year 2016, which begins Oct. 1.

Sep 29, 2015

U.S. Air Force eyes bomber contract in ‘next couple of months’

WASHINGTON, Sept 29 (Reuters) – The U.S. Air Force is
working through details of a long-awaited contract for a new
long-range strike bomber, and expects to award a contract in the
“next couple of months,” a top U.S. Air Force official said
Tuesday.

Lieutenant General Arnold Bunch, military deputy to Air
Force acquisition chief William LaPlante, told a subcommittee of
the House Armed Services Committee, the service was taking its
time to vet the decision, which analysts say could be worth $50
billion to $80 billion for the winning bidder.

Sep 29, 2015

Top U.S. spy says skeptical about U.S.-China cyber agreement

WASHINGTON (Reuters) – The top U.S. intelligence official on Tuesday said he was skeptical that a new cyber U.S.-China cyber agreement would slow a growing torrent of cyber attacks on U.S. computer networks, and said his approach will be to “trust but verify.”

Director of National Intelligence James Clapper told the Senate Armed Services Committee the agreement did not include specific penalties for violations, but the U.S. government could use economic sanctions and other tools to respond if needed.

Sep 28, 2015

U.S. government contractor L-3 to pay $4.63 million to settle charges it overbilled

WASHINGTON (Reuters) – U.S. government contractor L-3 Communications Holdings Inc has agreed to pay $4.63 million to resolve allegations that it overbilled the government for time spent by independent contractors at two U.S. bases before overseas deployments, the U.S. Justice Department said Monday.

The allegations centered on time the contractors spent at the U.S. bases before working for L-3 on rotary aviation maintenance and support services for the U.S. Army in Afghanistan, Iraq, Egypt and Kuwait, all under contracts with the U.S. Air Force.